Rent and mortgage. Homeowner or renter’s insurance, Property taxes, utilities and food. These types of essential costs really add up for all of us.
Couples, however, benefit by paying much less, proportionally, than singles for living expenses. Regardless of how many people watch a movie together at home, the cost per kilowatt-hour of electricity to power the lights, television and heater or air conditioning remains constant.
If two people halve basic costs, both automatically benefit from a 50% discount! Federal tax codes and auto insurance companies also favor married couples. Add up these savings over a month and, expenses for each person in a couple will drop by hundreds of dollars. Over a year, savings can reach into the thousands.
Higher expenses often lead to increased debt. In fact, 41% of those seeking budget and credit counseling help from Clearpoint Credit Counseling Solutions in 2008 were single.
So what’s a financially-strapped single do? The consumer credit counselors at Clearpoint Credit Counseling Solutions offer cost-saving measures to help those who are most vulnerable in this tough economy.
Singles, you are not alone. According to the most recent Census, 47% of the population was unattached. Clearpoint offers no-cost budget and credit counseling from NFCC-certified consumer credit counselors. To schedule an appointment call 800.750.2227 (CCCS) or start your session immediately online.